People And Company News

 

Siem Offshore Gets Breathing Room

Apr 01, 2020

Norway-based offshore vessel owner Siem Offshore has received some breathing room after reaching an agreement with its banks.The company last week warned that the extreme fluctuations in the financial markets over the past weeks „have resulted in a further deterioration in the company's liquidity situation“ and that Siem Offshore was in discussions with its banks to seek to alleviate the situation…

Oilfield Services Giant to Cut Spending by 30%

Mar 24, 2020

Schlumberger, the world's largest oilfield services company, on Tuesday said it would cut spending by 30% this year from last year's levels as the oil market has been roiled by the coronavirus outbreak and Saudi-Russia price war.The company…

Repsol Employee Tests Positive for Coronavirus

Mar 13, 2020

Spanish oil and gas company Repsol has confirmed that an employee at the company’s commercial delegation in Andalucia has been diagnosed with coronavirus (COVID-19).'The employee began to display symptoms over the weekend and did not go to work on Monday…

Current News

PetroVietnam's Q1 Profit Likely Halved to $188.5M

PetroVietnam's Q1 Profit Likely Halved to $188.5M

Norway May Cut Oil Output if Other Big Producers Agree Deal

Norway May Cut Oil Output if Other Big Producers Agree Deal

Petrobras Delays Bids for Offshore Platform

Petrobras Delays Bids for Offshore Platform

Petronas Cautious over Dividend to Gov't as Energy Prices Tank

Petronas Cautious over Dividend to Gov't as Energy Prices Tank

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